Oil-to-telecom conglomerate, Reliance Industries Limited (RIL) on Thursday reclaimed the USD100-billion Market capitalization (MCap), and its shares hit a 52-week high of Rs 1,091 on its business expansion plan announced at the Annual General Meeting last week ahead of June quarter earnings.
Reliance shares surged for the fifth consecutive session today. The company shares opened at Rs 1,043.15, and touched its 52-week high of Rs 1,091, up 5.27% against its previous closing price on BSE. Following the rise in stock, RIL’s market capitalization (m-cap) touched Rs 688,513.11 crore or Rs. USD 100 billion, aprox. Similar stock rising action was seen on the NSE also, where the stock opened at Rs 1,044.35, then rose 5.02%to touch a 52-week high of Rs 1,091.
Reliance Industries Chairman, Mukesh Ambani, last week announced plans to launch ultra high speed fixed line broadband services.
Pinnacle Market Investment Advisory 